The daily buy signal has been generated and technically speaking the odds are we will continue the rally. Both oscillators and volume hike seem to confirm that.
I am still quite bearish, but it does not pay in this business to be stubborn. The market is always right and we should only listen.
Nevertheless, you might want to wait for a few session to see if index keeps above the 39000 area, before you enter long position again. As for me - as I mentioned earlier, I have put my capital elsewhere.
The EURPLN made lower low:
We are still in primary downtrend, but I think we shall wait until we break the ca.3.87 level (low from January 2009) before we can generate primary sell signal (confirming role only).
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